Payment summary – foreign resident withholding

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

Details from any PAYG withholding from foreign residents – payment summary must be included on a Non-individual PAYG payment summary schedule 2016.

Complete a Non-individual PAYG payment summary schedule 2016 where you show an amount at H2 Credit for tax withheld - foreign resident withholding item 12 (except where the amount is from a partnership distribution or included in a share of net income from a trust).

Print neatly in BLOCK letters with a black pen only. Show the fund’s TFN and name in the appropriate boxes at the top. Print F for this type of withholding.

From each PAYG withholding from foreign residents – payment summary, record the following detail on the Non-individual PAYG payment summary schedule 2016:

the payer’s ABN (or withholding payer number)

total tax withheld

gross payment

the payer’s name.

When you have entered details of all these payment summaries on the schedule, attach the Non-individual PAYG payment summary schedule 2016 to the tax return.

A Non-individual PAYG payment summary schedule 2016 is not required for income subject to foreign resident withholding received in a distribution from a partnership or included in a share of net income from a trust as there is not an associated payment summary.

Do not attach copies of any PAYG payment summary – payments to foreign residents to the tax return; keep them with the fund’s copy of the tax return. Also keep a copy of the Non-individual PAYG payment summary schedule 2016 with the fund’s tax records.

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